Gabriel Resources Ltd.
TSX : GBU

Gabriel Resources Ltd.

May 25, 2010 09:25 ET

Gabriel Resources Announces Appointment of New Chief Executive Officer

TORONTO, ONTARIO--(Marketwire - May 25, 2010) - Gabriel Resources Ltd. (TSX:GBU) announces the appointment of Jonathan Henry as President and Chief Executive Officer of the Company effective June 7, 2010. The Company is also pleased to announce that Mr. Henry will also be appointed to the Board of Directors effective June 1st, 2010. Mr. Henry is a seasoned mining executive with a track record of success in building a strong precious metals mining and development franchise, most recently as Chief Executive Officer and Managing Director of Avocet Mining PLC, a UK based gold company with operations and advanced development and exploration projects in West Africa and South East Asia.

"On behalf of the Board, I would like to welcome Jonathan to Gabriel," said Michael Parrett, Chairman of the Company's Board of Directors. "His leadership in building and operating gold mines around the world in a safe and environmentally-responsible manner will significantly strengthen our company's ability to develop our flagship Rosia Montana project into a model mine."

"Also on behalf of the Board, I would like to thank Keith Hulley for his steady leadership during the important period of transition," added Mr. Parrett. "Our shareholders were fortunate to have a person of his stature and experience to step up to the challenge in a very short order and further strengthen our team in Romania where the Company continues to make significant contribution towards improving the economic and community well-being for its people."

Keith Hulley, Gabriel's outgoing President and Chief Executive Officer, who will remain with the Company as a member of the Board of Directors, said "Jonathan's steadfast and focused approach towards integrating mines into communities where they operate will be instrumental in ensuring timely completion of the Environmental Impact Assessment process for Rosia Montana followed by successful financing, development, construction and ultimate operation of this significant project. Jonathan is ideally positioned to build a new corporate executive team, ready for the challenges and opportunities open to the Company at this important juncture in its development."

About Gabriel
Gabriel Resources Ltd. is a resource company committed to responsible mining and sustainable development. Gabriel is currently engaged in the development of its 80.46%-owned Rosia Montana gold project in Romania. Rosia Montana is Europe's largest and one of the world's most significant undeveloped gold deposits.

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